Lansdowne Partners Concentrates On Finance and Footy With Its Top Small-Cap Picks

Next on the list is the $3.65 billion private mortgage insurer MGIC Investment Corp. (NYSE:MTG), in whom Landsowne significantly reduced its stake, by 1.19 million shares during the first quarter to about 768,200 shares valued at $7.40 million. MGIC Investment Corp. (NYSE:MTG)’s stock has appreciated by 16.2% year-to-date amid first quarter financial results that beat the estimates on both the top and bottom line fronts. A lower level of incurred losses and a modest growth in premiums earned as compared to the same quarter a year ago helped MGIC Investment Corp. (NYSE:MTG) during the first three months of the year. The company’s market share for the first quarter stood at 14%. Doug Silverman and Alexander Klabin’s Senator Investment Group and John Griffin‘s Blue Ridge Capital are the two largest stockholders of MGIC Investment Corp. (NYSE:MTG) within our database, with holdings of 14.41 million shares valued at $138.77 million and 14.9 million shares valued at $143.49 million respectively.

Another representative from the finance sector on the list is Ambac Financial Group, Inc. (NASDAQ:AMBC), in which Lansdowne also slashed its holding, by 50% during the quarter to 146,400 shares valued at $3.54 million. The stock of the $1.07 billion company has slid by 3.71% so far this year. Among the hedge funds that we track, the interest in Ambac Financial Group, Inc. (NASDAQ:AMBC) declined during the first quarter as 29 firms had an aggregate investment of $378.58 million in the company as compared to 31 funds with $424.23 million at the end of 2014. Aside from Lansdowne, Mark T. Gallogly‘s Centerbridge Partners is another stockholder of Ambac Financial Group, Inc. (NASDAQ:AMBC) with some 2.23 million shares valued at $53.92 million.

Disclosure: None